Question

In Nigeria, people can open their own businesses, choose their careers and job paths, and can purchase a wide array of consumer goods. However, the national government institutes tariffs on imported goods, has a significant share in the oil industry, and regulates much of the country's industry. Based on this description, Nigeria could BEST be categorized as a ___ economy.

Answer 1

Answer:

C) more Market than Command Economy

Explanation:

This description puts Nigeria in an area of more Market than Command Economy on such a continuum. Technically, you could call Nigeria a "Mixed" economy- as you could most in the world.

Answer 2

Nigeria would be a MIXED MARKET economy. The government has some control, but for the most part the people/ business owners have the control.